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ABC
Nov 23, 2012 6:00pm PST
small businesses are important part of the economy. california leads the nation in the number of failures they're feeling a lot of pressure now because of competition from the malls and also, from the uncertainty of tax rates. this boutique owner usually has two sales people to help. not this year, she's working because she may be facing a spike in taxes in the new year. the so called fiscal cliff. about half of the small businesses pay taxes at a 35% rate. so without a tax deal, rates could spike to 42% n addition she is postponing orders for bring merchandise. >> we've had to small a bunch of stouf make sure it's going to be okay for next season. >> did that hurt you?. >> absolutely. bigger stores able to carry out the lines you know they get them earlier than we do. we follow them out so, long. >> small business owners worried whether they'll northbound business next year. this is one of them. >> you don't want to lose it all after 30 years in business. that would be a terrible thing. there is a lot of small business owners are single. >> small business owners feeling the s
ABC
Nov 25, 2012 6:00pm PST
in the standoff. >>> a small plane from novato crashed near a soccer field at a southern california university, injuring the man and woman on board. it happened near cal state northridge, faa official says the cessna was on its way to john wayne airport when it lost engine power over the san fernando valley. the pilot tried to reach van nuys airport but made the emergency landing at the university. the two people onboard are in fair condition. >>> a huge holiday weekend for both shoppers and retailers. 247 million shoppers win to stores and visited web sites during the four days, a 21 million person increase over 2011, according to the national retail federal -- federation. retail sales up 6.5 bill from last year. shoppers spent an average $423 per person. up next, cyber monday and expected to be the biggest online shopping day for the third greer a row. lillian kim is live at union square with a look ahead at cyber monday. reporter: union square has been a very popular spot these past few days. soon many shoppers will be hitting the web. cyber monday officially begins tomorrow. some retailers
Search Results 0 to 1 of about 2